It was fabulous day for Indian markets . US markets which were down 4% on tuesday never created panic to the Asian markets and Indian indices which opened nearly 2% down in red finally closed flat. This clearly indicates that the markets like India & China will be taking their path in the near future and may not be depending world markets cues.
US markets yesterday closed in green with positive development emerging out of stimulus package . DOWJONES closed in green with gain of 50 points. Crude again slided to 36$ a barrel with the high supplies.
Asian markets slipped in red and the all the major indices are trading in red. NIKKIE is trading with loses of more than 2% losses.
Indian markets are expected to open flat view mixed cues from the global front. The positive news going forward is the way the indices are behaving even with the worst global cues. We expect markets to close in green today . The issues one have to watch out today are the inflation data and IIP numbers . We see inflation coming down to 4.03% . This would go as good news going forward. The Govt also announced on the issues regarding FDI policy which is positive news as a whole. Overall we expect markets today behave on news specific. We advice members to go long with view of 2-3 trading sessions
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